Backblaze (BLZE) Net Margin (2020 - 2025)
Backblaze (BLZE) recorded quarterly Net Margin of 10.17% in Q3 2025, up 48.0% quarter-over-quarter from 19.55% in Q2 2025, and up 2897.0% on a YoY basis from 0.34% in Q3 2024.
Backblaze (BLZE) Net Margin (2020 - 2025) Analysis & Trends
Backblaze's Net Margin history runs 6 years deep, the most recent figure standing at 10.17% for Q3 2025.
- In Q3 2025, Net Margin rose 2897.0% year-over-year to 10.17%; the TTM figure through Sep 2025 stood at 24.37% (up 1345.0% YoY), while the FY2024 annual figure was 38.03%, up 2051.0% from the prior year.
- Net Margin was 10.17% for Q3 2025 at Backblaze, up from 19.55% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 10.17% in Q3 2025 to a low of 73.15% in Q1 2023.
- Historically, Net Margin has averaged 42.75% across 5 years, with a median of 42.48% in 2023.
- The sharpest annual moves came in 2022 and 2024: Net Margin sank 4098 bps in 2022, then surged 3627 bps in 2024.
- A 5-year view of Net Margin shows it stood at 51.37% in 2021, then retreated by 23 bps to 63.22% in 2022, then soared by 33 bps to 42.48% in 2023, then dropped by 0 bps to 42.55% in 2024, then jumped by 76 bps to 10.17% in 2025.
- The last three Net Margin figures came in at 10.17% (Q3 2025), 19.55% (Q2 2025), and 26.94% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | -3.58% |
| 10 | Backblaze | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -10.17% |
| Jun 30, 2025 | -19.55% |
| Mar 31, 2025 | -26.94% |
| Dec 31, 2024 | -42.55% |
| Sep 30, 2024 | -39.13% |
| Jun 30, 2024 | -33.08% |
| Mar 31, 2024 | -36.88% |
| Dec 31, 2023 | -42.48% |
| Sep 30, 2023 | -63.46% |
| Jun 30, 2023 | -58.31% |
| Mar 31, 2023 | -73.15% |
| Dec 31, 2022 | -63.22% |
| Sep 30, 2022 | -58.05% |
| Jun 30, 2022 | -55.95% |
| Mar 31, 2022 | -64.29% |
| Dec 31, 2021 | -51.37% |
| Sep 30, 2021 | -34.60% |
| Jun 30, 2021 | -14.97% |
| Mar 31, 2021 | -24.09% |
| Dec 31, 2020 | -23.43% |